1. 91.4% Probability of the Federal Reserve Keeping Interest Rates Unchanged in June
According to CME's "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged in June is 91.4%, while the probability of a 25 basis point rate cut is 8.6%. The probability of the Federal Reserve maintaining interest rates in July is 66.9%, with a cumulative probability of a 25 basis point rate cut at 30.8%, and a cumulative probability of a 50 basis point rate cut at 2.3%. -Original
2. Tornado Cash Defense Accuses Prosecutors of Misleading the Court
Odaily Planet Daily reports that the defense attorney for Tornado Cash co-founder Roman Storm has accused U.S. federal prosecutors of misleading the court regarding the legal applicability of non-custodial crypto mixers, claiming that the prosecution failed to disclose key communications with the Financial Crimes Enforcement Network (FinCEN) that could undermine the government's core allegations against Tornado Cash as an unlicensed money transmission business. The defense cited details disclosed in a case related to the Samourai Wallet developers, emphasizing that FinCEN had indicated that Samourai Wallet might not meet the definition of a money service business due to its non-custodial nature. Given that Tornado Cash is also a non-custodial protocol, the defense argues that this position is equally applicable. Currently, Roman Storm's legal team is requesting the court to compel the government to disclose all communications with FinCEN and provide materials related to the Samourai Wallet case, with the trial expected to begin on July 14. -Original
3. Whale James Wyn's Long Position Gains $20.41 Million
Determined BTC bull James Wynn (@JamesWynnReal) has accumulated a floating profit of $20.41 million on his Hyperliquid long positions. - BTC 40x Long: Position value $393 million, opening price $103,083, liquidation price $95,551, floating profit $3.15 million - kPEPE 40x Long: Position value $44.97 million, opening price $0.00766, liquidation price $0.0035556, floating profit $19.03 million - XPR 40x Long: Position value $41.82 million, opening price $2.49, liquidation price $0.55, floating loss $1.77 million -Original
4. Hacker Who Stole SEC Account to Post False Information Sentenced
The U.S. Department of Justice announced that a judge has sentenced a man from Alabama to 14 months in prison and 3 years of supervised release for his involvement in the January 2024 hack of the U.S. Securities and Exchange Commission's X account, which was used to send a tweet that caused Bitcoin prices to briefly surge by over $1,000. Foresight News previously reported that on January 10, 2024, the SEC's official X account was hacked, during which a false announcement about the approval of a Bitcoin ETF was made. -Original
5. Michael Saylor Hints at Buying More Bitcoin
6. Whale Deposits 700 BTC into Binance
A whale has deposited 700 BTC into Binance, valued at $72.72 million. This whale holds a total of 4,500 BTC, worth $467.49 million. -Original
7. Pyth Token Unlocking Next Week, Valued at $340 Million
Next week, two crypto projects will unlock tokens, releasing a total value of approximately $420 million. On May 19, Pyth will unlock about 2.12 billion tokens (approximately $340 million), accounting for 21.25% of the total supply; on May 21, FTN will unlock about 20 million tokens (approximately $87.8 million), accounting for 2.0% of the total supply. -Original
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